Make voluntary repayments - With any Horizon lifetime mortgage you can make ad-hoc voluntary payments of up to 10% of the original loan amount each year without any early repayment charges (this is in addition to your contractual payments if you choose a Horizon interest reward lifetime mortgage).
Retain ownership of your home - you will not be required to sell or sacrifice ownership of your property during the term of your lifetime mortgage. Subject to T&Cs.
Remain living in your home – you’ll have the right to live in your home during the term of your lifetime mortgage, or until you or the last remaining applicant move into long-term care .
Move home in the future - if you need to move to a different property in the future and it doesn’t meet the lender's criteria, you can repay your loan in full without facing any ERCs
Avoid negative equity - our no negative equity guarantee feature means you can never owe more than your property is worth. It’s important to remember that a lifetime mortgage may leave you with limited or no property equity remaining, and it’ll reduce your financial options in the future.
Remain on a fixed interest rate – you’ll be protected against any future interest rate increases with an interest rate fixed for life. With Horizon Interest Reward, your discounted interest rate is fixed for life providing you make all of your agreed monthly interest payments.